US ends sanctions waiver for Russian, Iranian Oil; India among affected buyers
- Posted on April 16, 2026
- By Business News Today
- 10 Views
US ends sanctions waiver for Russian, Iranian Oil; India among affected buyers
US Treasury Secretary Scott Bessent on Wednesday confirmed Washington will not renew sanctions waivers on Russian and Iranian oil, ending temporary relief that had allowed countries including India to purchase crude from both nations without facing US penalties.
